Diamond wedding rings could get cheaper as Chinese tighten belts – Telegraph

by Admin

Now could be the time to buy that diamond wedding ring as gem stone prices appear poised to tumble.ADVERTISINGDiamond miners are facing a market storm as consumer confidence in China, the world’s second largest customer for the gems, plummets. A number of analysts are now warning that major producers such as De Beers will have to drastically cut output of rough stone to avoid a crash in the value of diamonds.

Source: Diamond wedding rings could get cheaper as Chinese tighten belts – Telegraph

I’ve been saying this for months! JCG

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